For Sale
$2,150,000
8881 Samuel Barton Dr Belleville, MI 48111
Goodyear Net Lease, High Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- Goodyear Tire & Service Center, Belleville, MI, a $2,150,000 net lease investment offering a 7.76% cap rate. The long-term tenant (since 1989) has a lease expiring April 30, 2026, with a Goodyear corporate guarantee.
- Prime industrial location near the I-94 & I-275 interchange, adjacent to Visteon Corp. and Detroit Metropolitan Airport, in a low-vacancy market with high barriers to entry.
- Recent renovations exceeding $500,000 include roof repair and plumbing upgrades. Landlord responsibilities are limited to roof and structure; no remaining lease options.
- Features a large 3.18-acre parcel and strong investment fundamentals due to the corporate guarantee.
Property Details for 8881 Samuel Barton Dr
- Property type
- Industrial properties, Flex space
- Square Feet
- 28,830 SF
- Year Renovated
- 2014
- Buildings
- 1
- Lot Size (sq. ft)
- 138,521 SF
- Units
- 1
Location Insight
- City
- Belleville
- County
- Wayne
- State
- Michigan
- Latitude
- 42.238468817033
- Longitude
- -83.442023997349
Nearby Similar for Sale
FAQs
- What type of property is this?
- Industrial property - Goodyear Net Lease, High Cap Rate
- Where is the industrial property located?
- The property is located at 8881 Samuel Barton Dr Belleville, MI.
- What is the asking price?
- The asking price for this property is $2,150,000.
- What are key features of this property?
- This property features: Goodyear Tire & Service Center, Belleville, MI, a $2,150,000 net lease investment offering a 7.76% cap rate. The long-term tenant (since 1989) has a lease expiring April 30, 2026, with a Goodyear corporate guarantee.; Prime industrial location near the I-94 & I-275 interchange, adjacent to Visteon Corp. and Detroit Metropolitan Airport, in a low-vacancy market with high barriers to entry.; Recent renovations exceeding $500,000 include roof repair and plumbing upgrades. Landlord responsibilities are limited to roof and structure; no remaining lease options.
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